Projective Finance opens $7M onchain lending pool for Illinois solar projects
The sustainability-focused platform uses Avalanche to tokenize municipal loans, giving DeFi investors direct exposure to government-backed renewable energy infrastructure.
Projective Finance, a sustainability-focused real-world asset (RWA) financing platform, has launched a $7 million lending pool for Illinois public schools, giving decentralized finance (DeFi) investors direct access to municipal infrastructure projects in the United States.
The lending pool will fund solar energy installations across school districts in the state of Illinois, with infrastructure loans executed entirely onchain, Projective Finance said.
By leveraging blockchain technology, “What traditionally required multiple intermediaries, fund structures, and minimum investments in the tens of millions can now be accessed directly with full transparency,” said Josh Chinnaswamy, Projective Finance’s co-founder.